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Fewer people have the will to help charity

As worries grow over the pension crisis and the cost of funding long-term care, research shows that fewer people are donating money to charity in their will.

In a survey carried out by Mori on behalf of charitable body, Remember A Charity, 48 of per cent of people said they would not consider making bequests to charity in their will compared with 39 per cent last September.

Remember A Charity is a collective of 105 charities working to increase legacy income by encouraging financial advisers to include questions on charitable giving when asking clients about their will.

It says the performance of the stockmarket, the rising cost of LTC and the value of the pension market are all factors deterring people from including charities in their will.

The research was conducted among 1,015 people aged over 45 during February.

A separate study commissioned by the group from NOP World of 620 people aged 50-65 in March shows that 34 per cent are very worried about the decline in the value of the pension market and 25 per cent about the cost of looking after themselves in old age.

Sofa chairman Nick Bamford says: “I sadly suspect that people will leave less to charities in the future because of lower retirement incomes. But I think advisers certainly have a role to play in encouraging people to plan their wills.”

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